Wisconsin § 186.086 Credit union may limit indemnification.

Wisconsin Statutes

§ 186.086 — Credit union may limit indemnification.

Wisconsin § 186.086

Ch. 186Credit unions

This text of Wisconsin § 186.086 (Credit union may limit indemnification.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wis. Stat. § 186.086 (2026).

Text

186.086 186.086(1) (1) Limitations. A credit union’s obligations to indemnify under s. 186.083 may be limited as follows: 186.086(1)(a) (a) If the credit union is incorporated on or after June 13, 1987, by the articles of incorporation, including any amendments to the articles of incorporation. 186.086(1)(b) (b) If the credit union was incorporated before June 13, 1987, by an amendment to the articles of incorporation which becomes effective on or after June 13, 1987, as provided under s. 186.35 (1) , 2003 stats., or s. 186.02 (4) (a) . 186.086(2) (2) Limitation applicability. A limitation under sub.

(1)applies if the first alleged act of a director or officer for which indemnification is sought occurred while the limitation was in effect.

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186.086
186.086(1) (1) Limitations. A credit union’s obligations to indemnify under s. 186.083 may be limited as follows:
186.086(1)(a) (a) If the credit union is incorporated on or after June 13, 1987, by the articles of incorporation, including any amendments to the articles of incorporation.
186.086(1)(b) (b) If the credit union was incorporated before June 13, 1987, by an amendment to the articles of incorporation which becomes effective on or after June 13, 1987, as provided under s. 186.35 (1) , 2003 stats., or s. 186.02 (4) (a) .
186.086(2) (2) Limitation applicability. A limitation under sub. (1) applies if the first alleged act of a director or officer for which indemnification is sought occurred while the limitation was in effect.